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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Components of Basic and Diluted Net Income per Common Share The components of basic and diluted net income per common share available to common stockholders for the three and six months ended June 30, 2022 and 2021 were as follows:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Basic net income per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available to common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

17,758,000

 

 

$

12,221,000

 

 

$

34,374,000

 

 

$

16,330,000

 

Weighted average common shares outstanding

 

 

20,448,799

 

 

 

18,067,190

 

 

 

19,875,516

 

 

 

17,685,679

 

Basic earnings per common share

 

$

0.87

 

 

$

0.68

 

 

$

1.73

 

 

$

0.92

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available to common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable to diluted earnings per share

 

$

17,758,000

 

 

$

12,221,000

 

 

$

34,374,000

 

 

$

16,330,000

 

Weighted average common shares outstanding

 

 

20,448,799

 

 

 

18,067,190

 

 

 

19,875,516

 

 

 

17,685,679

 

Dilutive potential common shares: restricted stock awarded

 

 

80,724

 

 

 

53,020

 

 

 

71,711

 

 

 

53,020

 

Diluted weighted average common shares outstanding

 

 

20,529,523

 

 

 

18,120,210

 

 

 

19,947,227

 

 

 

17,738,699

 

Diluted earnings per common share

 

$

0.86

 

 

$

0.68

 

 

$

1.72

 

 

$

0.92